Solana is having a strong week with SOL up 25% over the past seven days, popping back above the $100 mark after dipping below $80 last week. The latest revival comes amid surging network activity ahead of Wednesday’s Jupiter token airdrop.

According to data from CoinGecko, Solana has ticked up about 2% on the day to a current price of about $103. While still far from the 2021 peak price of nearly $260, Solana has bounced back from the lows of late 2022 when it sank down near $8. It’s up 333% over the last year.

Solana is seeing substantially higher activity amid the price jump as more and more traders turn to the network due in part to lower fees and speedier transactions than Ethereum. Trading volume on Solana decentralized exchanges (or DEXes) topped that of Ethereum for the rolling 24-hour window ending Sunday evening, per data from DeFi Llama

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Author: Andrew Hayward

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